Network Bandwidth Management Software Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 12.20 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Network Bandwidth Management Software Market Analysis
The network bandwidth management software market is expected to grow at a CAGR of 12.2% over the forecast period (2021-2026). Excessive use of one part of the networks impacts the overall network performance leads to increased latency and downtime. Network usage by non-business also affects its performance; hence, the real-time monitoring and its management are emerging in the enterprises.
- With the increasing internet penetration, a trend of automation and analytics is also growing. This is resulting in a surge in demand for high-speed internet services in the commercial sector to deal with a vast amount of data seamlessly. Also, to maintain the performance of the private networks to ensure privacy, data protection, for the applications relying on networks and their speed.
- In the past decade, the exponential increase in the IoT devices, especially in mobile devices, has created immense demand for network management software among internet service providers and mobile communication services vendors. This is expected to grow over the forecast period and driving the growth of the network bandwidth management market.
- However, as there are some of the free versions of network management software available in the market, advent to this, several firewall service providers are offering network management software as a service. These are some of the significant factors limiting market growth.
Network Bandwidth Management Software Market Trends
This section covers the major market trends shaping the Network Bandwidth Management Software Market according to our research experts:
Telecommunication and IT Segment to Witness Significant Growth
- Digitization is revolutionizing business operations in today's world. It is not only digitalizing information but also digitalizing data transfer and digitizing communication process. The rising trend of Agile and DevOps workflow in the IT industries are increasing the cross-functional communication and data transfer. The latency in the network hampers the effectiveness of the process.
- The growing internet usage has penetrated its usage in almost all the industries, including telecommunication and IT. The trend towards OTT and IPTV are gaining customer interest. Also, telecommunication companies are partnering with OTT players for gaining the market share. Hence, these companies have to manage their network bandwidth for its seamless performance demanding the network bandwidth management software solutions.
- According to Limelight Networks, India, Philipines, Singapore, and the United States spends more than eight hours each weak for video streaming. Whereas, globally, consumers watch 6.75 and 8.03 average hours of online video and broadcast video online, respectively.
- The real-time analysis of the bandwidth usage and delays by the applications enabled with the implementation of the network bandwidth management software is gaining traction for its market growth.
Asia-Pacific to Grow Signficantly
- The Asia-Pacific region is expected to witness the fastest growth among all other regions in the market. The growth in this region is primarily driven by a large number of SME’s scaling their business to more extensive networks and in turn facing complexity in network management.
- The region has also become a lucrative market for many businesses owing to the cost advantages in growing economies and hence has been attracting many organizations which are deploying state of the art network management systems thus inflating the demand for unified network management.
- More and more organizations in this region are adopting cloud solutions for their business operations, and as the cloud penetration in the region increases, the need for the expertise to manage the complex network will increase which is also likely to drive the market in the region.
- The increasing deployment of IoT networks and other commercial private networks in the region, especially in the BFSI sector, is creating a huge demand for network bandwidth management software. Unlike many modern economies in the world, Asia-Pacific depends highly on cash for many transactions, especially in the retail sector. To meet with the cash need of the region, continuous expansion of ATM machines and high-speed networks that enable the services to run in cycles.
- With growing consumption of mobile devices in the region, especially in countries, like India, China, and Indonesia, the demand for network bandwidth management software is expected to grow in the region over the forecast period.
Network Bandwidth Management Software Industry Overview
Thetrend of the network bandwidth management software market is inclined towards fragmentation with the increasing number of players offering the network management software. As the bandwidth management software is one of the parts in the integrated network management software, the market competition is increasing.The key strategies adopted by the major players are product and service innovation and mergers and acquisition.
- May 2018 -Aerohive Networks announced its successful migration to its third generation Hive Manager Network management and networks application.
Network Bandwidth Management Software Market Leaders
IBM Corporation
CA Technologies
Hewlett Packard Enterprise Company
NetScout Systems, Inc.
SolarWinds Corporation
*Disclaimer: Major Players sorted in no particular order
Network Bandwidth Management Software Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Growing Demand for IoT Networks and Commercial Private Networks in Enterprises
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4.2.2 Increasing Demand for High-speed Internet Service in the Commercial Sector
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4.3 Market Restraints
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4.3.1 Availability of Free Network Traffic Tools
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4.4 Industry Value Chain Analysis
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4.5 Industry Attractiveness - Porter's Five Force Analysis
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4.5.1 Threat of New Entrants
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4.5.2 Bargaining Power of Buyers/Consumers
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4.5.3 Bargaining Power of Suppliers
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4.5.4 Threat of Substitute Products
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4.5.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Deployment
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5.1.1 On-premise
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5.1.2 Cloud
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5.2 By Enterprise Size
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5.2.1 Small and Medium Enterprises
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5.2.2 Large enterprises
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5.3 By End-user Vertical
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5.3.1 Telecommunication & IT
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5.3.2 Education
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5.3.3 Retail
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5.3.4 Healthcare
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5.3.5 BFSI
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5.3.6 Other End-user Verticals
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5.4 Geography
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5.4.1 North America
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5.4.1.1 US
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5.4.1.2 Canada
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5.4.1.3 Rest of North America
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5.4.2 Europe
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5.4.2.1 Germany
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5.4.2.2 UK
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5.4.2.3 France
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5.4.2.4 Rest of Europe
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5.4.3 Asia-Pacific
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5.4.3.1 China
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5.4.3.2 Japan
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5.4.3.3 India
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5.4.3.4 Rest of Asia-Pacific
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5.4.4 Latin America
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5.4.4.1 Brazil
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5.4.4.2 Argentina
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5.4.4.3 Mexico
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5.4.4.4 Rest of Latin America
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5.4.5 Middle East & Africa
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5.4.5.1 UAE
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5.4.5.2 Saudi Arabia
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5.4.5.3 South Africa
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5.4.5.4 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 IBM Corporation
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6.1.2 CA Technologies
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6.1.3 Hewlett Packard Enterprise Company
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6.1.4 NetScout Systems, Inc.
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6.1.5 SolarWinds Corporation
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6.1.6 Alcatel- Lucent Enterprise Holding
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6.1.7 GFI Software S.A.
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6.1.8 Axence Software, Inc.
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6.1.9 Zoho Corporation
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6.1.10 BMC Software, Inc.
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6.1.11 InfoVista S.A
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6.1.12 Juniper Networks, Inc.
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- *List Not Exhaustive
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7. INVESTMENT ANALYSIS
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8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Network Bandwidth Management Software Industry Segmentation
The scope of the study for the network bandwidth management market is limited to the deployment type of the offerings by the vendors and their respective applications for both small and medium enterprises and large enterprises in a wide range of end-user verticals globally.
By Deployment | |
On-premise | |
Cloud |
By Enterprise Size | |
Small and Medium Enterprises | |
Large enterprises |
By End-user Vertical | |
Telecommunication & IT | |
Education | |
Retail | |
Healthcare | |
BFSI | |
Other End-user Verticals |
Geography | ||||||
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Network Bandwidth Management Software Market Research FAQs
What is the current Network Bandwidth Management Software Market size?
The Network Bandwidth Management Software Market is projected to register a CAGR of 12.20% during the forecast period (2024-2029)
Who are the key players in Network Bandwidth Management Software Market?
IBM Corporation, CA Technologies, Hewlett Packard Enterprise Company, NetScout Systems, Inc. and SolarWinds Corporation are the major companies operating in the Network Bandwidth Management Software Market.
Which is the fastest growing region in Network Bandwidth Management Software Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Network Bandwidth Management Software Market?
In 2024, the North America accounts for the largest market share in Network Bandwidth Management Software Market.
What years does this Network Bandwidth Management Software Market cover?
The report covers the Network Bandwidth Management Software Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Network Bandwidth Management Software Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Network Bandwidth Management Software Industry Report
Statistics for the 2023 Network Bandwidth Management Software market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Network Bandwidth Management Software analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.